An interesting thread on Quant Mutual Fund.

Leaving it to you to decide.

🧵

https://x.com/ArpitTambi_/status/1766311666096975888?s=20

One of the major risks in the SIP and buying index funds philosophy:

There can be 2-3 decades of net zero or negative returns, but somehow nobody even cares about that. I am not saying we shouldn't have SIPs or purchase mutual funds.

But accepting the programming these MF companies and portfolio advisers are preaching (allocate to equity % acc to your age).

I came to Jaipur for work. I didn't resist having to learn Hindi.

If Marwari was spoken by everyone, I'd have learnt Marwari.

If it was another state, another language, I'd put in effort.

I won't be entitled saying "i am giving you business, you speak Tamil".

https://twitter.com/theBuoyantMan/status/1634511342525726722

For my line of work, there are very few places I can work in - Mumbai, Gurgaon, etc.

Call it luck, I got my job for my line of work in Jaipur only.

One major thing I have come to realise over the last couple of years:

Those who promote a single asset-class or single instrument *fully* systematic trading are scamming you or misleading you into thinking it will work over the long term if you stick to the system. This is more applicable to those breakout style systems that intend to do trend following.

By nature, trend following is a way to capture the right tail.

If you look at trend following CTA portfolio over last few decades, you'd see that equity isn't a major part.

This is going to be a full review thread on the OBAGE DT-31 model home theater tower speakers.

Been using it for a week, and "Blown Away" is an understatement.

I checked sounds through different modes (3.5mm jack, optical, bluetooth, etc.)

https://twitter.com/theBuoyantMan/status/1619687154933981185

Main purpose I bought is for use through optical cable from TV.

But now that I have seen and heard this speaker - I'd say the quality over bluetooth connection is mostly in-discernible to a normal listener from the optical output.

Was looking for home theater speakers - that would play multiple roles - for TV, for bluetooth music listening, and for movies (on different devices.

Had shortlisted a few, and a friend suggested to check out this brand *OBAGE*.

Got this DT-31 model. Two words - Blown Away. I'll post an extended review with proper videos after using it for a week or two.

But the first day trial - movies, dialog, music - classical, vocal driven, edm, etc., blew me away.

At only 50-60% the sound fills a 20x20 room.

Took a few videos for my friends on my phone.

Went through a lot of TV rabbithole for buying a new 4k TV.

Few points.

- Always buy 55 inch and above (for best 4k experience).
- Buy with more than 2 years warranty
- Samsung has a higher failure rate in the last 2-3 years.
- Sony & LG are better
- LG -> VFM ; Sony overpriced If you need to buy a TV in sub-50k range, these are the best options.

- LG UQ7500/7550
- Sony X74K (43 inch & 50 inch)

Stay away from Samsung Crystal Pro and such.

Last few weeks, have been going through podcasts and books of famous trend following fund managers (managing hundreds of millions to billions).

Most of them use a x-day/week breakout with a moving average filter to enter, and trail their stop with trend. Most of them have also delivered 12%+ returns over last 20-30 years with less than 20-25% maximum drawdown (with the exception of Dunn).

They have been using the same rules, having tweaked the basic parameters (like lookback period) few times over the last 30 years.

I just have one thing to say to people who experience losses through such schemes.

While registered and credible fund mgr's can't beat the market, if you're a dumbass who believes some random girl/guy on Twitter can and give her your money - you deserve to lose all your money. Stop being a moron and calling yourself a "victim" and that somehow people on fintwit "lured" you into their schemes and "gave" you losses

and actually for once in your miserable life acknowledge the fact that you're fucking "greedy" to the point you throw away all due diligence

If your business makes a turnover of 1cr p.a (roughly 10-15% net profits after tax & dep)

and you're paying 4k per month for an accountant to handle your books - you're overpaying.

It's a matter of supply & demand.

There are firms/accountants who'll do it for 1000-1500 pm. Or you can do what I did.

Pay one year for an accountant to do the end to end accounting but ask them to record every step on video.

Then, you learn it, and do it yourself from the next year onwards.

Paying 4k per month for a <=1cr pa business is an overkill.

Got the Soundcore Motion Q bluetooth speaker yesterday.

I wasn't thinking much about it, was just thinking it would be a normal small portable speaker.

I was wrong.

Just watched a movie with it.

Absolutely blown away.

Fills an entire room.

Sound on par with high end Bose. Tested different kinds of music/sounds.

This one was just classical music.

Schools teach you 1,000,000 useless things.

But they don't teach you how to protect yourself from financial scams.

Today I am going to teach you about a scam called "Pig Butchering" and how to protect yourself from it.

🧵 👇 1/ Pig Butchering is a form of a financial scam which has a template.

It starts usually with a chat or a call.

It could be on any platform.

What starts as an innocent chat turns into an investment advice.

As the victim is hooked, they are tricked into spending more.

Sleep is the most important bio-routine for your body.

The best sleep coaches/consultants charge upwards of $5000 per session for helping you optimise your sleep for better health.

In this thread, you'll learn the 10 most important optimisations for free.

🧵 👇 Before you learn the optimisations, you'll need to learn exactly WHY they should be done.

For that, you should first understand the basic mechanics of sleep and what happens behind the scenes.

Hedge Funds spend millions of dollars per year to access high quality financial datasets.

Retail sources cost anywhere from $5k-50k per year.

But, here are 11 data sources that have HIGH QUALITY and FREE data you can access right away.

🧵 👇 1/ Alpha Vantage | alphavantage.co

Provides real time & historical equities, forex, and cryptocurrencies data across 60+ exchanges.

They provide both intraday and D/W/M timeframe data.

You can also access economic & fundamental data for last 20 years through them.

Was talking to an algo trader who's managing close to $10M in his family office, as a systematic trading fund.

He mentioned getting a lot of ideas to test from reddit.

Here are 7 underrated sub-reddits that will help you in building an algo-trading business.

🧵 👇 1) r/algotrading (1.5m members)

reddit.com/r/algotrading

Their wiki section is probably the best content you can find on the web on all the useful resources to become an algo trader.

A Bloomberg subscription costs $24,000 per year.

But you can get nearly 85% of its features for free.

It's through an app called Open Bloomberg (aka OpenBB)

Here's how:

🧵 1/ Go to OpenBB website here:

OpenBB Terminal | OpenBB openbb.co/products/termi…

Download the installer relevant to your system's OS.

In 2011, a blackjack player made $20 million over 4 months,

and ended up bringing some of the topmost casinos to their knees.

Here's the crazy story of how he pulled it off.

🧵 Don Johnson grew up taking care of his uncle’s racehorses in Salem, Oregon.

After taking interest in them, he began riding them competitively at age 15.

He then became a professional jockey.

A trader started with $200M and turned it to nearly $30B over a period of 8 years.

Then, he lost it all in three days.

Here's the crazy story of what happened.

🧵 Bill Hwang was a “Tiger cub,” an alumnus of Tiger Management, the hedge fund powerhouse that Julian Robertson founded.

In 1996, after stints as a salesman at two securities firms, Bill Hwang landed an analyst’s job at Tiger Management.

How do Hedge Fund traders do their research?

How do they pick specific securities/assets to invest in?

A thread. 👇 🧵 1/ This is shared by someone who works for a $1B+ global macro hedge fund.

The said fund focuses on FX and Interest Rate derivatives.

An insurance agent in US made $46 million dollars legally exploiting a loophole in the terms & conditions of an insurance scheme.

And he was sentenced to 7 years in prison for it.

This is the crazy story on how it unraveled.

🧵 1/ Joseph Caramadre

- an Italian kid from Providence, Rhode Island
- grew up modestly
- became a certified public accountant
- and then put himself through night school to get a law degree.

3 most important keys to greater wealth from investing.

🧵

cc:@visualizevalue The three keys are:

- Philosophy
- Strategy
- Discipline

The best investment returns are achieved by those who

- identify a sound investment philosophy
- create a workable strategy around that philosophy
- follows the strategy diligently with discipline